Page 3533 - Company News

Disclosure of papers on RIL fine: SC declines Centre's plea for stay

Under NELP, contractors are first allowed to recover all their sunk cost before sharing profits with the government

No Tata Nano production since Jan; only 1 unit sold in last 9 months

As per the filings by Tata Motors, the last time it produced Nano was in December 2018 when it rolled out 82 units from Sanand plant

WeWork India forays into Noida market, to open 3 coworking centres soon

It has taken on lease nearly 1.4 lakh sq ft area from Berger Group, 74,000 sq ft from Logix and around 92,000 sq ft from Advant in Noida for three new facilities

Brands, corporates should look at rural India's aspirations as opportunity

Brands must not forget the context when devising strategy

Mercedes-Benz delivers over 200 cars in a day amid festive season sales

The models delivered included C and E class sedans as well as sports utility vehicles such as GLC and GLE, among others

Corporation tax cut benefit unlikely for 90% manufacturing enterprises

The gap is even wider with new manufacturing companies, which will be taxed at 17.2%

Reliance Group rejects allegations, says its Rafale offsets just Rs 66 bn

Due to the rupee devaluation, the original Rs590 billion cost of the Rafale deal has already gone up to Rs 650 billion, but most calculations are working off the old figure

Dassault to invest $116 mn in venture with Reliance Aerospace

DRAL will manufacture several components of the offset obligation connected to the purchase of 36 Rafale fighters from France

TCS Q2FY20 results on Thursday: Will the IT major deliver a surprise?

At the bourses, TCS has underperformed the market by slipping nearly 6 per cent as against 2.67 per cent decline in the Nifty50 index

TV sticks, laptops to launch after Flipkart private labels meet sale target

The Walmart-owned company's private label brands sold Rs 170 crore in recently concluded Big Billion Days sale

Maruti Suzuki cuts production for eighth straight month in September

The company produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month

Chinese e-scooter maker Benling to invest Rs 100 cr for expansion in India

Currently, Benling offers 3 e-scooters and plans to launch one speed bike in January

Indian telcos' capex on 5G will increase if govt bans Huawei: Fitch

India is still planning the setting up of its 5G networks, which is expected to be rolled out by next year

Oracle to hire 2,000 workers to expand cloud business to more countries

Jobs will be added in Oracle's software development hubs in Seattle, the San Francisco Bay Area and India

Southern market pulls cement prices up by 3% in Sept despite dismal demand

September 2019 witnessed a steeper price cut in non-trade segment, as demand dry-up in the trade segment led the companies to push more volume in non-trade segment

Oyo raises $1.5 billion at $10 billion valuation; to focus on US market

A significant part of the Series-F funding will be diverted in boosting US footprint, and in strengthening position in the vacation rentals business in Europe

Harley struggles to fire up new-gen riders with electric bike debut

The problem lies mostly with this 'super-premium' product's price. The bike costs nearly as much as a Tesla Model 3

Public sector banks to face legal hurdle in recovering HDIL dues

The ED is in the process of attaching the properties of HDIL

SoftBank CEO Masayoshi Son says 'embarrassed and flustered' by track record

Japanese investor Masayoshi Son reacts after his company comes under pressure from some investors for its bets on loss-making businesses.

FCI to be under a pile of Rs 3.3 trn outstanding subsidy and loans by FY20

This even if government clears all its allocated subsidy for 2019-20